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CMA CGM opens €200m fund for green innovation

Photo: Port of Rotterdam CMA CGM JACQUES SAADE_Rotterdam 2 (003).png
CMA CGM Group is calling for companies working on the decarbonisation of the shipping industry to submit projects for funding.

The call for projects is open to start ups and businesses operating in the maritime industry in France and French overseas territories, with €200m available for projects

“Projects will be selected based on their concrete impact on the decarbonizing of the French shipping industry, the maturity of the projects and the economic feasibility. Some of them may receive shared investments from the public sector and private operators and beneficiate from the assistance of shipping industry experts to give them every chance of success,” CMA CGM said.

The funds are being made available by the CMA CGM Fund for Energies which will choose successful candidates based on their ability to meet CMA CGM’s vision of accelerating the pace of shipping decarbonisation. The fund was created in September 2022 when CMA CGM committed €1.5bn over five years to accelerate its transition to net zero.

Applications are encouraged from companies involved in the shipping, tourism and cruising, fishing and seafood products, infrastructure, naval and nautical and renewable energy industries.

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